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Given the following information, what is the initial cash flow? Purchase and install new equipment $19,000 Sale price of old equipment $5,000 Book value of

Given the following information, what is the initial cash flow? Purchase and install new equipment $19,000 Sale price of old equipment $5,000 Book value of old equipment $5,000 At time of installation: Inventory increase $4,000 Accounts Payable increase $3,000 The tax rate is 40%

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